Got your Form 16? Prepare to file IT return!!

Search & Seizures and Data Matching by Income Tax Department during Demonetisation

I.Tax Department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high value transactions in F.Y. 2014-15 but did not file return of income for A.Y 2015-16.

It is the great opportunity for those who are liable to file their return for the Financial Year 2014-15 (Assessment Year 2015-16) and Financial Year 2015-16 (Assessment Year 2016-17); to finalize their books and file the return before March-2017.

Upload your documents at incometaxefiling.mrt@gmail.com

You should prepare well in advance to avoid any last minute hassles. If you are a salaried person it is advisable for you to collect below mentioned documents before start filing your tax return:
• TDS certificate in Form 16 (for Salaried Individuals)
• Interest cum TDS certificate in Form 16A (from your bank)
• Bank Account statements/passbook of all your bank accounts (updated)
• Details of investments made during the year / at the end of the year
• Tax Challan deposited for the last year
• Last year’s Tax Return
• Form 26AS

I would say “Bharo return early, karo relax jaldi”

In case of any query/help please get in touch with me CA Rahul Gupta at incometaxefiling.mrt@gmail.com

Regards,CA Rahul Gupta

M R T & Associates, Chartered Accountants